Category: Real Estate

What is Local Law 97?

March 6, 2023 | Real Estate

Local Law 97 is a plan for reducing emissions. Local Law 97 was included in the Climate Mobilization Act, passed by the City Council in April 2019 as part of the Mayor’s New York City...

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Brooklyn Industrial Real Estate Market Stays Strong: 2nd Quarter Report

August 9, 2022 | Real Estate

By Raanan Gerberer at Brooklyn Daily Eagle  The city’s outer-borough industrial real estate market, including Brooklyn, continued to show healthy improvement during the second quarter of 2022, according to a new report by Colliers...

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Lower-end listings dominate Manhattan’s luxury deals

June 13, 2022 | Real Estate

Penthouse at 100 11th Ave asking $23M tops the list, but most contracts last week were for homes under $5M By Sasha Jones at TheRealDeal Luxury homes kept finding buyers in Manhattan last week,...

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March 1, 2022 | Real Estate

WHAT IS IRC SECTION 1031? Section 1031 of the Internal Revenue Code (IRC) allows a taxpayer who owns investment or commercial property to exchange a relinquished property and defer paying capital gains taxes.  If...

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In Wake of the Champlain South Tower Collapse in Surfside, Florida

February 7, 2022 | Real Estate

In October 2021, the Federal National Mortgage Association was the first to announce updates to its guidelines and criteria changes for Condo and Co-op Projects.  These changes came in the wake of the tragic...

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Foreign Buyers in Manhattan’s Luxury Condo Market: They’re Back

February 4, 2022 | Real Estate

Pent-up demand, a weak dollar, and surging wealth have lifted Manhattan’s luxury market from the pandemic doldrums — developers, take note.  (Commercial Observer)    The first rule of real estate is location, location, location....

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Expected Rise in Real Estate Activity in NYC as U.S. Borders Reopen

December 3, 2021 | Real Estate

The United States opened its borders to international visitors on November 8, ending a 20-month travel ban initially instated to prevent the further spread of COVID-19. As airlines gear up for a surge in...

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How to Compete with an All-Cash Offer

October 18, 2021 | Real Estate

Many of today’s home buyers with the means to do so will use cash offers to attract sellers who want to avoid financing issues and enjoy expedited closings. If the terms are the same...

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Why New York Will Rise Again

September 28, 2020 | Real Estate

New York city will rise again because there is no place like NYC. The pessimists say that the city will never come back. However, one thing the pessimists fail to consider is how much...

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Clues to The Post-Pandemic Real Estate Market

September 28, 2020 | Real Estate

Location is an incredibly important factor for buyers when considering their dream home. People tend to value close proximities to their offices, their children’s school, and to their respective social circles. This ultimately means...

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Chaves Perlowitz Luftig LLP